💰Tokenomics of $LINBIT

Total Supply

$LINBIT has a total supply cap of 21 billion tokens. All mined $LINBIT tokens are locked and subjected to a 1-year vesting period. 100% of the supply is allocated for mining. There are no team tokens.

Mining Mechanism ⛏️

LINBIT can only be mined through an innovative NFT mining process. Instead of traditional hardware-based mining, users mine LINBIT by acquiring and locking special NFTs.

Halving Schedule 📉

The mining process features periodic halving events, similar to Bitcoin, with a total of 32 halving periods. Initially, the total amount of mineable $LINBIT is set at 10,500,000,000 tokens. After each halving period, the amount of LINBIT that can be mined is reduced by half, making it progressively harder to obtain new tokens. This mechanism ensures controlled inflation and enhances the scarcity of LINBIT over time.

Limited NFTs 🎟️

There are only 50,000 NFTs available for mining LINBIT, creating an exclusive and valuable asset for miners. These NFTs are sold in phases, ensuring fair distribution and access.

Phased NFT Sales 📅

The limited supply of NFTs will be released in 24 phases, allowing users multiple opportunities to participate in mining LINBIT. The first 4 sales will accept $MVX tokens, while subsequent sales will only accept $ETH. Each phase will have an increasing price, incentivizing early participation and ensuring a fair chance for all interested parties to acquire mining NFTs.

Initial Marketing and Development Strategy 🚀

• No Team Tokens: To maintain transparency and fairness, there are no team tokens.

• Initial Purchase by Team: The team will purchase 1,000 NFTs using MVX tokens to kickstart the mining process. These NFTs will be distributed across 10 publicly known wallets.

• Usage of Mined LINBIT: The LINBIT mined from these wallets will be used for marketing, ecosystem development, and listing on centralized exchanges (CEX).

Key Highlights 🌟

• 21 billion total LINBIT tokens.

• 100% allocated for mining; no team tokens.

• NFT-based mining replaces traditional hardware.

• 32 halving periods, with the initial total mineable $LINBIT set at 10,500,000,000 tokens.

• Periodic halving increases mining difficulty over time.

• 50,000 limited NFTs available, sold in 24 phases.

• First 4 sales in $MVX tokens, subsequent sales in $ETH.

• Increasing prices with each sale phase to manage demand and encourage early participation.

• Team's 1,000 NFTs across 10 public wallets, with mined LINBIT used for marketing, ecosystem development, and CEX listings.